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Brookside nears a step closer to production in Oklahoma

18 August 2021
ASX: BRK
Rueben Hale
Single pump jack producing oil, sun rising taken from a tripod

Brookside Energy Limited has commenced priming its first oil well in the US state of Oklahoma ahead of firing up production next month.

With the multi-stage simulation of its high impact Jewell Well completed, the company is already underway while maintaining an eye on its next Rangers Well as part of its 5-year, 20-plus well development schedule in the world-class Anadarko Basin.

The work carried out by Liberty Oilfield services on time and without incident will lead to the final overall completion operations expected to finish ahead of the rig coming online in September.

“We are very pleased that this critical part of the completion of the Jewell Well has been successfully executed by the Liberty crew under the supervision of the Black Mesa team and our specialist contractors,” managing director David Prentice said.

“Effectively treating each stage as designed is obviously a very important step in the process of bringing this well into production.

“We now have all of the surface production equipment in place, and the line to DCP has been completed, and we are ready to remove the isolation plugs and clean up the well before commencing flow back – it is a very exciting time for everyone involved, and we look forward to keeping our shareholders updated.”

The company’s Australian Stock Exchange-listed shares were trading today at 2.9c (11:12 am GMT+ 8 hours).

COMPANY OVERVIEW

Brookside Energy Limited is an Australian publicly held company listed on the Australian Securities Exchange (ASX:BRK). The Company was reinstated to official quotation on the ASX on 5 August 2015, following completion of the Company’s recapitalisation. Brookside has established deep and valued relationships in the oil and gas sector over the last 10 years through its successful activities in the industry focused on the mid-continent region of the United States. Brookside’s goal is to build value per share through a disciplined portfolio approach to the acquisition and development of producing oil and gas assets and the leasing and development of acreage opportunities.

COMPANY INFORMATION

ASX: BRK

Website

https://brookside-energy.com.au/
https://www2.asx.com.au/markets/company/brk

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